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firerocket77

05/13/03 5:51 AM

#24457 RE: blueskywaves #24456

Blueskywaves.....When you post morning, noon and night trying to convince us shareholders to give you guys more options, do you get overtime in the form of time and a half or do you get more options?
Good luck in your quest, but my mind is already made up!


Corp_Buyer

05/13/03 9:51 AM

#24566 RE: blueskywaves #24456

BSW- You ignore the key points ...

* Tate was brought back as CEO in Dec 1999 under special circumstances so he got a one-time 2M share deal; It was not a typical grant as you imply. Also, that 2M share deal is included in total of the ISOs grants outstanding, so it inflates the total grants due to this special case.

* Shareholders had their eyes wide open on the Tate deal and they specifically chose the deal. This is similar to Mr. Jobs returning to Apple under a special stock deal at the REQUEST of shareholders.

You ignore the most important comparisons e.g.

* Rate of grants is double at IDCC;
* Stock buyback to minimize dilution from ISO;
* Longer vesting periods;
* Some options are earmarked for customers to meet product development targets;

.. Corp_Buyer